Stifel Canada Has Negative Outlook for OR FY2024 Earnings

Osisko Gold Royalties Ltd (NYSE:OR) – Research analysts at Stifel Canada lowered their FY2024 earnings per share estimates for Osisko Gold Royalties in a research note issued to investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now expects that the basic materials company will post earnings per share of $0.46 for the year, down from their previous estimate of $0.48. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share. Stifel Canada also issued estimates for Osisko Gold Royalties’ FY2025 earnings at $0.66 EPS and FY2026 earnings at $0.61 EPS.

Several other equities research analysts have also recently issued reports on the company. TD Securities cut Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. TD Cowen downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th.

Osisko Gold Royalties Stock Performance

Shares of NYSE OR opened at $19.67 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. Osisko Gold Royalties has a 1 year low of $12.77 and a 1 year high of $21.29. The firm’s 50 day moving average price is $18.80 and its 200 day moving average price is $18.58.

Institutional Trading of Osisko Gold Royalties

Institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC purchased a new position in Osisko Gold Royalties in the second quarter valued at approximately $211,000. Cubist Systematic Strategies LLC acquired a new position in shares of Osisko Gold Royalties during the 2nd quarter valued at $288,000. U S Global Investors Inc. boosted its position in Osisko Gold Royalties by 0.8% during the 3rd quarter. U S Global Investors Inc. now owns 437,796 shares of the basic materials company’s stock worth $8,104,000 after purchasing an additional 3,364 shares during the period. International Assets Investment Management LLC purchased a new position in Osisko Gold Royalties in the third quarter valued at about $286,000. Finally, US Bancorp DE grew its position in Osisko Gold Royalties by 32.1% in the third quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock valued at $197,000 after acquiring an additional 2,584 shares in the last quarter. 68.52% of the stock is owned by hedge funds and other institutional investors.

About Osisko Gold Royalties

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company’s primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.